Division 1 - When company to be wound up in insolvency
SECTION 459DCONTINGENT OR PROSPECTIVE LIABILITY RELEVANT TO WHETHER COMPANY SOLVENT
459D(1)[Contingent or prospective liability]
In determining, for the purposes of an application of a kind referred to in subsection 459C(1), whether or not the company is solvent, the Court may take into account a contingent or prospective liability of the company.
459D(2)[Other matters may be taken into account]
Subsection (1) does not limit the matters that may be taken into account in determining, for a particular purpose, whether or not a company is solvent.